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UK budget tax measures to raise extra 26 billion pounds, OBR says
LONDON, Nov 26 (Reuters) - Tax rises due to be announced by finance minister Rachel Reeves in her budget later on Wednesday will raise an extra 26.1 billion pounds ($34.4 billion) a year in tax by 2029/30, according to an estimate published by the Office for Budget Responsibility.The OBR estimates, ...Reuters
Wed, Nov 26
INSTANT VIEW-Pound, UK bond prices briefly jump after upbeat OBR forecasts
LONDON, Nov 26 (Reuters) - The pound briefly jumped to session highs, while UK government bond prices staged a short, sharp rise on Wednesday, after the independent Office for Budget Responsibility released its forecasts early, offering a more upbeat view of Britain's economy and finances.Britai...Reuters
Wed, Nov 26
Sterling steady ahead of Britain's long-awaited budget
By Ozan Ergenay LONDON, Nov 26 (Reuters) - Sterling was steady against the dollar early on Wednesday as wary investors awaited what is expected to be a tax-heavy budget from British finance minister Rachel Reeves, with her speech due to start at around 1230 GMT. Reeves is expected to raise tens ...Reuters
Wed, Nov 26
Euro zone banks should prepare for risk of dollar squeeze, ECB says
ECB warns of risks from Trump's tariffs on dollar stabilityDe Guindos downplays risk of Fed shutting emergency liquidity lineECB highlights reliance on repos and FX swaps for dollar liquidityEuro zone banks hold 681 billion euros in dollar securities FRANKFURT, Nov 26 (Reuters) - Euro zone le...Reuters
Wed, Nov 26
RPT-ROI-Budget wary UK markets get Transatlantic balm: Mike Dolan
By Mike Dolan LONDON, Nov 26 (Reuters) - Britain's anxious budget process reaches its climax on Wednesday when Finance Minister Rachel Reeves releases her long-awaited plans. Yet a rallying U.S. bond market is quietly offering the UK a cushion.After months of hand-wringing about how Reeves wi...Reuters
Wed, Nov 26
NZD/USD’s post-RBNZ rally finds resistance above 0.5690
The New Zealand Dollar is trading higher against its US counterpart on Wednesday, boosted by a “hawkish cut” by the Reserve Bank of New Zealand RBNZ) and heightened hopes that the US Federal Reserve will cut rates in December.Fxstreet
Wed, Nov 26
FOREX-Yen falls despite rate hike talk; sterling steady in run up to UK budget
BOJ eyes rate hike as soon as next month - sourcesNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, weigh new Fed chairSterling steadies ahead of UK budget announcementBy Ozan Ergenay and Rae Wee SINGAPORE/LONDON, Nov 26 (Reuters) - The yen softened on Wednesday ...Reuters
Wed, Nov 26
USD/GBP: UK Budget priced in, Sterling faces limited upside – Société Générale
The UK Budget is largely priced into markets, with increased fiscal spending and taxes likely to shift the fiscal/monetary mix in a sterling-negative direction, limiting any lasting gains for GBP despite potential short-term relief, Société Générale's FX analyst Kit Juckes
CEE MARKETS-Zloty and Czech crown slightly weaker, focus remains on Ukraine
WARSAW, Nov 26 (Reuters) - The Polish zloty and Czech crown were a touch weaker on Wednesday as investors awaited further news on a peace plan for Ukraine, while the Hungarian forint steadied near a 22-months high. U.S. President Donald Trump on Tuesday backed away from a Thursday deadline for Ukrai...Reuters
Wed, Nov 26
GBP/USD risk reversals point to weaker Pound – Commerzbank
GBP/USD faces heightened downside risks as market-implied volatility and risk reversals signal expectations for a weaker Pound Sterling (GBP) ahead of the UK Budget, with a credible fiscal plan from Chancellor Reeves key to restoring investor confidence, Commerzbank's FX analyst Michael Pfister noteFxstreet
Wed, Nov 26
USD/CAD Price Forecasts: Bears are testing 1.4070 support
The US Dollar is accelerating its reversal from last week’s highs above 1.4100 on Wednesday, with sellers testing support near 1.4070 as a raft of delayed US data releases keeps giving reasons for Federal Reserve doves to call for an easier monetary policy.
Fxstreet
Wed, Nov 26
Japan PM Takaichi rules out risk of British-style 'Truss' shock
Japan stands ready to take necessary action on FXTakaichi says Japan not resorting to 'reckless' spendingJapan to fund package with additional Y11 trln debt, TV Asahi saysBy Leika Kihara TOKYO, Nov 26 (Reuters) - Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Ja...Reuters
Wed, Nov 26
